Indonesia has implemented a new regulation that prohibits goods transactions on social media platforms, As seen on Trade Minister Zulkifli Hasan. The government aims to curb direct sales by major tech companies, which it believes are negatively impacting millions of small businesses. The trade regulation went into effect yesterday, and social commerce platforms have one week to comply with the new rule.
Indonesia Bans Goods Transactions on Social Media Platforms. Here’s Why
Indonesia has taken a significant step to address the negative impact of direct sales by major tech firms on millions of small businesses. The country has implemented a new regulation that prohibits goods transactions on social media platforms. Trade Minister Zulkifli Hasan announced the trade regulation, which went into effect yesterday. Social commerce platforms are given a week to comply with the rule, as the government aims to protect small businesses from the harm caused by these transactions.